Welcome to my CryptoGold review.

Is CryptoGold a scam? Is it Legit? Can you make money out of this opportunity?

News of CryptoGold is spreading like wildfire; people seem to be flocking to this opportunity from left, right, and center.

Chances are you have encountered adverts promoting CryptoGold or learned about them from a friend, relative, or colleague.

However, as a smart investor, you cannot afford to invest your money in mere recommendations.

You require more background info to calculate your chances of making decent profits.

We have researched in-depth to unravel what CryptoGold is about, their ownership info, track records, etc.

Simply – all you need to know about CryptoGold.

We have been in the business of cracking open fraudulent platforms for quite a while now and are happy to keep up the good work as recommended by our readers.

Today, we shall crack CryptoGold wide open, to give you a clearer picture of what to expect should you choose to invest your money.

Read on…

CryptoGold Review: Ownership Information

All smart investors know that transparency is paramount in any venture.

You need to know who is responsible for your funds’ safety at every given time, and you also need to know how your profits will be realized.

Why will you even bother investing if there is no profit guarantee?

Sadly, CryptoGold does not disclose any information on its website on its ownership, executive team, or anything of that sort.

Its investors do not even know where the company is located, when it was created, etc.

They obviously don’t know where their money is heading; they just put it because the site says so.

Who does that?

Further research on the site’s domain registration details led to some interesting findings.

Firstly, CryptoGold has 2 websites:

The first website, “Krypto-gold.com,” was registered on the 26^th of July 2016 to a certain Michael Bauer with an address in Cologne, Germany.

The second website, “CryptoGold.de,” claims a certain Sanscha Senft is its operational director with a PO BOX address to a Location in Dubai.

The logical conclusion here is that CryptoGold is based in Dubai but uses the Germany address for its namesake site or the other way round, which, by all indications, is a RED FLAG to consider before investing your money.

Moreover, how else will you define an investment platform with 2 addresses, in 2 countries registered to 2 different people?

Further attempts at finding more about Bauer and Senft yielded no results, maybe because they don’t exist or are simply aliases.

CryptoGold Review: Products on Offer

CryptoGold does not offer any retail products like most Legit MLM platforms will do.

Affiliates with CryptoGold only have the affiliate membership to offer to their prospective referrals. The draw is the commissions they stand to get for being members of this platform.

We are not new to platforms like this; they pop up occasionally and, more often than not, end up as scams. (Another RED FLAG).

CryptoGold Review: Compensation Plan

Affiliates of CryptoGold invest their money in the hope of earning ROI (Returns on their investments).

CryptoGold offers 3 investment packages: $50, $100, and $500, and pays out daily ROI in Bitcoins. The ROIs on offer are not constant; they differ daily.

In addition to investing and earning a daily ROI, affiliates can earn referral commissions from inviting new affiliates into the system.

Furthermore, the more affiliates refer and stimulate their referrals to invite more, the more money they earn.

Incomes here are calculated through a binary system, and for an affiliate to qualify, he/she must upgrade to the highest package – the $500 package.

The higher your referrals and sub-referrals, the more points you get and the higher your affiliate rank.

The higher your affiliate rank, the higher your daily ROI.

At this point, I believe you can clearly see what this is all about.

Referral, referral, referral.

Membership Fee

To join CryptoGold, you must pay a membership fee of $79; to make any money out of it, you must invest a minimum of $50.

However, to make the most from CryptoGold’s compensation plan, you must upgrade to the highest package – the $500 package.

We have seen scam platforms use this template repeatedly, and people still fall for it. It is a really sickening development.

Conclusion

CryptoGold promises to double its affiliate investments; it presented a website statement explaining how these daily profits come about.

According to them, they generate these profits from investing in mining pools, which generate a variety of Cryptocurrencies, which are then paid out to their investors.

The question is: Is there any proof of these claims? NO!

How do they generate the commissions paid to affiliates who refer others into the system? And other residual commissions?

Your guess is as good as mine.

They pay old members for the investments made by new members, while they keep the rest for themselves.

And when the volume of new members depreciates, chances are they will elope with all they can lay their hands on.

If you want our candid advice, stay off this platform.

You can make money trading in Cryptocurrencies, and we have a beginner guide to get you up to speed in no time. Access it here.

If you enjoyed reading this CryptoGold review, please share the word by hitting your favorite social media icon below.

Thank You!